Tag: cuts

The letters “CFPB” may not be much more than alphabet soup to your average student loan borrower. They stand for Consumer Financial Protection Bureau, a new-ish federal agency — created in 2011 — with a unique mission and a big effect on student lenders and for-profit colleges accused of defrauding or otherwise mistreating Americans. But the U.S. Education Department has just called a halt to the enforcement collaboration between itself and CFPB. This move leaves 44 million student loan borrowers, owing $1.4 trillion in debt, with potentially less, or at…

cuts to school funding MPs from both main parties seek clarity about education funding after pledge not to cut budgets was left out of Queen’s speech Protesters in Bristol last month campaigning against cuts to education. Photograph: Lynchpics/Alamy Live News View more sharing options Shares 176 Jessica Elgot Political reporter Wednesday 21 June 2017 20.13 BSTLast modified on Thursday 22 June 2017 00.50 BST Theresa May has indicated she is prepared to go back to the drawing board over school funding changes that Tory MPs said had been toxic on the doorstep,…

A cash-strapped primary school is asking pupils to vacuum classrooms at the end of the day because it cannot afford to replace the cleaner, while the headteacher’s husband is doing the plumbing for free. In a stark example of how the government’s funding cuts are hitting schools across the country, Furzedown primary school, in the London borough of Wandsworth, has been forced to make cutbacks to try to balance the books. It is one of thousands of schools struggling to make ends meet during the funding crisis. Thousands of parents,…

Schools are facing sweeping cuts if the Tories win the election, a new analysis shows today. Funding per pupil in England will fall by nearly 3% under the Conservatives, a study by the Institute for Fiscal Studies (IFS) reveals. This would mean a £130 cut for every pupil in primary school and a £170 cut for every one in secondary school. The respected economic think tank says Theresa May’s plans will result in an overall cut in school funding of seven per cent between 2016 and 2022. By contrast, Labour’s…

Grammar school headteachers are threatening to seek monthly donations from parents to cover government budget cuts, joining the chorus of protests over the emerging funding crisis. The government’s plans for a revised “fair funding” formula would mean most grammar schools were worse off as a result of the changes proposed by the education secretary, Justine Greening – at a time when the government is banking on grammar school expansion as a key domestic policy aim. The Grammar School Heads’ Association said more than 100 of the existing 163 grammar schools…